Dear DM&A Subscriber:
Times change, and an information provider needs to change with them.
Its been nearly two decades years since we published the first edition of the DM&A newsletter. Back in 1989 the newsletter was it—the fastest, cheapest means available to disseminate information. It blew away its competition, the magazine. Anyone could publish a newsletter. You just needed one of those new personal computers, a copy of PageMaker, a printer and a xerox machine. (Simpler times—although they didn't seem simpler at the time, did they?)
Then came the Internet, and it became possible to get out the news instantaneously, and at zero cost. Good for our subscribers, good for us. But we wanted to make sure that our subscribers lost nothing in terms of usability, so we kept publishing the newsletter even as we pushed further into the online waters.
Today were convinced that our new DM&A website is ready for prime-time—and that the hoary old newsletter is finally ready for the ash heap of history. Here are the reasons why:

• The new DM&A Destination Page (as we've been calling it internally) provides a handsome, three columned approach to delivering the days news. Any resemblance to a newspaper's front page is purely intentional.
  
• Let's say you need to catch up on yesterday's news. Or the day before. Or the day before that. No problem: the DM&A Destination Page gives you plenty of ways to catch up. First there are 10 business days worth of Daily Editions which are instantly accessible. Then there's the Archive, where all past Daily Editions can be summoned back to life. And finally, the Monthly Editions provide a monthly slant on the news. We think you're going to love this feature—and that you'll be ready to forget all about the DM&A newsletter and its once-a-month cycle.
  
• Articles and interviews are formatted nicely. New articles will be provided in PDF format, ready to download and to print (for those of you who prefer to do your in-depth reading on paper, not on a computer screen). And new Articles will include "what does it mean?" special linkages to past deals of interest.
  
• We also provide "what does it mean?" links with selected DM&A deals. Is this the fifth IT acquisition we've seen from General Dynamics during the past two years? The fourth acquisition in the vehicles sector? We'll say so, and provide you with links to those past deals. (Try doing that with a newsletter.)
  
• Where before we provided each subscriber with only a limited number of DM&A newsletters, the new service will be available to every seatholder entitled to access the DM&A service.

We wanted to put these improvements into the hands of each of our DM&A subscribers right away. So we're providing all of our DM&A subscribers with immediate access to the DM&A Destination page. The cost to you is zero. And we will end publication of the DM&A newsletter in three months time (June will be the last edition).
There are many more changes planned for the new DM&A service. Some will be particularly interesting, including the first glimpse of the work we've been doing on our coming Financials service. In the meantime, please feel free to contact me directly with your questions and comments about this momentous change to the DM&A service.
Best regards,

Stuart McCutchan
Editor
Defense Mergers & Acquisitions (DM&A)
May 16, 2007